Gold mining companies have had more in common with struggling S&P 500 than with the safe haven metal, though this may change in the near future.
Insecurity over Italy’s financial stability make it the latest target of Euro Zone contagion fears and call into question the place the role of gold.
The most recent Resource Investing News biannual Investor Survey reveals that while investors remain optimistic about the long-term potential of the commodities markets, a large majority are hedging their bets on precious metals like gold and silver.
Will gold ever be able to decouple from the dollar like it almost seemed to do earlier this year, or has its status as safe haven asset irrevocably shifted to the risk-asset class? Time will tell.
By Melissa Pistilli-Exclusive to Gold Investing News A number of factors, real or imagined, combined to move the gold price down to touch a two-week low at $1087.70 an ounce early Thursday and then back up to nearly the $1110 level in a matter of hours. Movements in the gold market are becoming less and [...]
By Kishori Krishnan Exclusive To Gold Investing News Spanish philosopher George Santayana had warned: “Those who cannot remember the past are condemned to repeat it.” The same could hold true for gold. The interest in the yellow metal is based on the fact that the price of gold has risen more than $700 since 2002. [...]
By Kishori Krishnan Exclusive To Gold Investing News History does repeat itself. Going by the historic pattern of the gold market in the ‘70s, gold is set to experience an upward resistance for 19 months after its recent peak. Gold’s recent peak was $1,014 in March ’08, roughly 17 months ago. If this bull market [...]
By Kishori Krishnan Exclusive To Gold Investing News Its a clear sign. Money is coming back into the resource sector as investors around the world are beginning to recognise the exceptional values in the context of a longer term outlook. And companies that are generating shareholder value by advancing their projects will continue to be [...]
By Kishori Krishnan Exclusive To Gold Investing News There are some strong headwinds, but bankers and investment houses are still bullish on the yellow metal. Gold is consolidating and prices may decline further in the near term before heading higher, analysts state. ScotiaMocatta insists the “big picture remains supportive for gold. Although gold is facing [...]
By Kishori Krishnan Exclusive To Gold Investing News The price of gold slipped below $920 an ounce in Europe on Wednesday, as a firmer greenback hit demand for the metal, It did remain in a relatively tight range though. “As long as we stay between $915-940, gold is more or less stuck in a range [...]
Tuesday, August 16, 2011